Results 11 to 20 of about 437,926 (308)
New Economic Geography: the Possibilities and Restrictions [PDF]
Пространственная экономика, 2013 The article analyzes scientific publications on the new economic geography (NEG) relevance. On the basis of the publications array the author determined characteristic features of the simulation and the central idea of this research direction.
Dmitry Alexandrovich Izotov
doaj +1 more source
Optimal Investment of Merton Model for Multiple Investors with Frictions
Mathematics, 2023 We investigate the classical optimal investment problem of the Merton model in a discrete time with market friction due to loss of wealth in trading. We consider the case of a finite number of investors, with the friction for each investor represented by
Souhail Chebbi, Senda Ounaies
doaj +1 more source
J.A. Schumpeter (1908) and Money: Acting as Go-Between?
Œconomia, 2013 This paper examines J.A. Schumpeter’s theory of money, as expounded in his first book, Das Wesen und der Hauptinhalt der theoretischen Nationalökonomie (The Essence and Main Contents of Theoretical Economics), published in 1908.
Cécile Dangel-Hagnauer
doaj +1 more source
Economies, 2021 The study of entrepreneurship often focuses on the activities of the entrepreneur. While entrepreneurship is undertaken by individuals, the degree to which individuals are entrepreneurial, and the directions in which their entrepreneurial actions take ...
Randall G. Holcombe
doaj +1 more source
Bankruptcy in General Equilibrium [PDF]
SSRN Electronic Journal, 2000 In this paper, I construct a model of an exchange economy in which bankruptcy arises in a manner similar to what we observe. This model is a more realistic representation of some markets in which intertemporal assets are traded. Using standard and natural assumptions, I show that every economy represented by this model has an equilibrium.
openaire +2 more sources
On the variational equilibrium as a refinement of the generalized Nash equilibrium [PDF]
Automatica, 2012 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Ankur A. Kulkarni, Uday V. Shanbhag
openaire +2 more sources
Environmental Research Letters, 2022 We explore economic, distributional and health consequences of U.S. greenhouse gas emissions objectives that could be achieved using Section 115 of the Clean Air Act (international air pollution), which has only recently received detailed legal analysis ...
Mei Yuan +6 more
doaj +1 more source
On the fundamental theorems of general equilibrium [PDF]
Economic Theory, 2007 Given an economy (consumers, preferences, production sets, endowments), defining a generalized competitive mechanism (assigning under conditions to each consumer an income) and using a weakening of Walras' law, then an application of Kakutani's fixed point theorem delivers an equilibrium.
Eric Maskin, Kevin W.S. Roberts
openaire +3 more sources
General Equilibrium Pricing with Information Asymmetry
Frontiers in Applied Mathematics and Statistics, 2015 We propose a general equilibrium model for asset pricing that incorporates asymmetric information as the key element determining security prices. In our setting, the concepts of completeness, arbitrage, state price and equivalent martingale measure are ...
Yuzhong eZhang, Fangfei eDong
doaj +1 more source
The Equilibrium and Risk Analysis of Internet Finance under Social Networks Influence [PDF]
Journal of Systemics, Cybernetics and Informatics, 2018 The development of the Internet finance makes the financial network become increasingly complex. Considering of the characteristics of Internet finance and relationship level, a framework including multitiered Internet financial network with investors ...
Chuanmin Mi, Qing Zhang, Ching-Torng Lin
doaj